By Kayode Sanni-Arewa
The price of crude oil has risen above $110 (£82) a barrel as the Strait of Hormuz remains effectively closed and Iranian fuel depots are battered
Iran launched a fresh wave of missile and drone strikes, targeting Israel and several Gulf states, overnight. The Israeli military says it has launched strikes on central Iran
An Iranian drone strike in Bahrain has injured 32 civilians including four children, a state news agency says, the highest number of casualties in a single strike on the Gulf states since the war began
Meanwhile, Mojtaba Khamenei has been named as Iran’s new supreme leader, state media report